Overview
- The Dow crossed 50,000 for the first time on Feb. 8 and remained above the mark Monday, closing near 50,136.
- President Trump posted on Truth Social that the index will reach 100,000 by early 2029 and credited tariffs, urging the Supreme Court to take note.
- Tariff legality remains unresolved as the Supreme Court has not issued a decision following lower-court skepticism of the program.
- Economists report that most tariff costs have been borne by U.S. consumers and businesses, with a Kiel Institute study estimating roughly 96% and San Francisco Fed research describing mixed economic effects over time.
- Market strategists say doubling to 100,000 in three years would require about 26% annual gains, a historically aggressive pace that could be vulnerable to Federal Reserve policy or a valuation reset.